SEC Form 4 · accession 0001209191-17-039086
FIRST FINANCIAL BANKSHARES INC · FFIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
F Scott Dueser
Officer — Chairman, President and CEO · Director
Period of report
Jun 12, 2017
Accepted (ET)
Jun 12, 2017 · 2:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000036029
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 12, 2017 | M | 10,000 | $30.85 | A | 381,418 | I | By Trust |
| Common StockF1 | Jun 12, 2017 | M | 4,000 | $15.73 | A | 385,418 | I | By Trust |
| Common StockF3 | holding | — | — | — | 278,002 | I | By Partnership | |
| Common StockF4 | holding | — | — | — | 224,155 | I | By LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option, Right to Buy | $15.73 | Jun 12, 2017 | M | 10,000 | D | Oct 22, 2016 | Oct 22, 2023 | Common Stock | 10,000 | 15,000 | D |
| Employee Stock Option, Right to Buy | $16.78 | Jun 12, 2017 | M | 4,000 | D | Oct 25, 2016 | Oct 25, 2021 | Common Stock | 4,000 | 4,000 | D |
Explanation of responses
- F1The total shares represented are held in various trusts of which Mr. Dueser is the trustee, settlor and beneficiary.
- F2In January, 2017, one of the Trusts above distributed 20,275 shares to the Limited Liability Company, both of which Mr. Dueser is the beneficiary.
- F3Represents shares owned by a partnership of which Mr. Dueser is the manager. Mr. Dueser disclaims beneficial ownership with respect to 208,502 shares because he does not have a pecuniary interest in such shares. This report should not be deemed an admission that Mr. Dueser is the beneficial ownership of these shares for purposes of Section 16 or any other purpose.
- F4Represents shares owned by a limited liability company ("LLC") of which Mr. Dueser is the manager and sole member. Such shares were transferred to the LLC from the FSD Management Trust effective January 9, 2015.